Vitec Software AB - $VIT - Fallen from grace

Vitec Software AB - $VIT - Fallen from grace

Vitec is a serial acquirer of VMS-providers in Europe. They have reached the lowest stock price in 5 years, and has fallen more than 50% from the top. The question remains, what are the expected returns for the future?

The recent draw-down in serial acquirers is long awaited. Many investors has simply bought a basket of these, with little notion for the price that they pay. Hopefully, gone are the days where one can simply assume a higher terminal value to these stocks, in order to justify an increase in valuation.

Not financial advice.

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